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Obama Raises $66 Million in August

The Obama campaign raised $66 million for the month of August. The campaign reports they have added 500,000 new donors and have $77 million on hand. Along with the DNC’s $17.5 million, collectively, the Democratic Party has about $94 million on hand to spend as of August 31.

The McCain campaign has accepted public financing and received $84 million on September 1 to spend for the general election. Any money raised by the McCain campaign after September 1 must be transferred to the Republican National Committee. The RNC had $76 million in the bank, plus $17 million transferred from the McCain campaign, in addition to $20 million in a joint fundraising committee for total of $197 million.

The McCain campaign plans to send Palin to raise money for the RNC in the final days of the campaign.